The Recovery and Resilience Facility is not only a way to address the effects of Covid crisis, but a great leap forward towards a closer and deeper Union. It complements the action of the European Central Bank, and partially overcomes the lack of a common European fiscal capacity for the time-being. However, we would…
Below is the full text of my interview with Bloomberg Professional Services for their Global Policymakers Profile series. Here is the link to the original on the Bloomberg website. …. PERSONAL Career highlight Frankly, the most recent one. I was recently elected Chair of the European Parliament’s Economic and Monetary Affairs Committee. It has been…
To respond to the social and economic damage caused by the Coronavirus pandemic, in May 27th 2020 the European Commission has presented its proposal (which will need to be approved by the European Parliament and by the Council) named: “Recovery Plan for Europe”. The plan is based on two key elements: an enhanced Multiannual Financial…
Over the past few weeks the Italian public debate has once again stalled on the issue of the European Stability Mechanism (ESM) following the decision of the Eurogroup on April 9th to establish a new emergency line of credit to help Member States support the health expenditures related to Covid-19. The ESM had already been…
Below is the full text of my interview with POLITICO of May 5th 2020. Here is the link to the website. The EU’s post-coronavirus recovery fund must give countries cash in hand to overturn the recession, the chairwoman of the European Parliament’s Committee on Economic and Monetary Affairs said in an interview with POLITICO’s Brussels Playbook.…
by Irene Tinagli, published on Il Sole 24 Ore (18 April 2020) “Politics has its reasons which reason does not know”. This is how we could paraphrase the rather surreal debate that in Italy rotates around ESM. For months oppositions have campaigned on the idea that the ESM is like an axe, a trap created…
Over the past few weeks several criticisms have been raised against the EU institutions, being accused of not having reacted and of not having provided responses to the Coronavirus emergency. On the contrary, if we look carefully we realise it is not so. The EU Commission, the ECB, the European Investment Bank, the European Banking…
I would have never imagined that it would be this hard for some politicians to understand the difference between deciding to modify the rules of a treaty on financial assistance to member states and deciding to resort to it. I would equally have never imagined to witness the level of confusion and comments triggered two…
The SURE programme has not even been announced yet and I already see fake news circulating on the web. On the basis of the Commission’s proposal published yesterday, I’ll try to answer some questions/doubts. Let me add a personal comment, placing myself between those who believe it is an historic decision and those who think…
As anticipated in the past few hours, today the European Commission has delivered a new set of proposed measures to counter the Coronavirus emergency. The most significant part concerns the “SURE” Fund to support employment, but there are also other initiatives. Please find below the full text of the press release with all the details.…